IMI PLC

Share Repurchase Programme

RNS Number : 1068L
IMI PLC
08 September 2021
 

8 September 2021

 

IMI plc

LEI: 2138002W9Q21PF751R30

Share repurchase programme

IMI plc (the Company) announces that, in connection with the share buyback programme of up to £200 million which it announced on 26 April 2021 (the Programme), it has now entered into an agreement with Merrill Lynch International (MLI) to manage the  remainder of the Programme. The purpose of the Programme is to reduce the share capital of the Company.

Pursuant to the Programme, MLI will purchase shares with a value of up to £110 million. The maximum number of shares that can be repurchased in connection with the Programme is 27,200,000 (being the maximum authority granted by the Company's shareholders at its AGM on 6 May 2021), as reduced by the Company's share repurchase activity within that authority to date. Shares purchased pursuant to the Programme will be cancelled. It is expected that purchases pursuant to the Programme will continue until the end of 2021.

 

Enquiries to:

 

Louise Waldek

IMI

Tel: +44 (0)121 717 3780

 

 

 

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